Analysis: Brazilian Economy Minister’s ‘Liberal Shock’ Is Only on Paper

This week, after much delay, Guedes sent Congress only the first part of his tax reform.

RIO DE JANEIRO, BRAZIL - "We're heading towards liberal democracy, we're going to open up the economy, we're going to simplify taxes. We're going to privatize, we're going to decentralize resources to states and municipalities." These pledges by the new Minister . . .

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